Europe Pharmaceutical Packaging Materials Market Size, Share & Trends Report

Europe Pharmaceutical Packaging Materials Market Size, Share & Trends Analysis Report By Product (HDPE, LDPE, PE, PP, PVC, PET), By Application (Plastic Bottles, Blister Packs), And Segment Forecasts, 2019 - 2025

  • Published Date: Oct, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-3-68038-878-7
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2017
  • Number of Pages: 109

Industry Insights

The Europe pharmaceutical packaging materials market size was valued at USD 5.89 billion in 2018 and is expected to expand at a CAGR of 7.7% over the forecast period. Recent technological advancements, such as smart packing, are likely to drive the growth. Increasing use of environment-friendly pharmaceutical and energy saving packing products is also expected to influence the market positively.

Ongoing research and developments in recycled plastic based pharmaceutical packaging materials are likely to boost the market growth as they offer low cost raw material useful for reduction in plastic pollution. Rising awareness regarding the importance of high quality packaging material for pharmaceuticals, especially during transport and storage, is expected to bode well for the market growth in near future.

Germany pharmaceutical packaging materials market

Rising utilization of High Density Polypropylene (HDPE) in plastic bottles, caps and closures, pre-filled syringes, and ampoules application segment is anticipated to push manufacturers to backward integration in the value chain in the forthcoming years. Greater participation in the value chain is likely to result in time reduction for transforming pharmaceutical packaging materials into finished products and in gaining cost advantage.

The materials manufacturers are expanding in terms of production capacity and infrastructure with an aim to cater to the growing market requirements. Moreover, many of the product manufacturing companies are using acquisition and partnership strategies for procuring raw materials. Mergers and joint ventures are an integral part of this market and allow companies to expand their market position.

Product Insights

In terms of revenue, Polyvinyl Chloride (PVC) emerged as the second largest product segment and accounted for 24.36% of the market share, in 2018. Its properties, such as low cost, chemical stability, flexible, durable, and resistance to chemical stress cracking among others make it suitable for various packing application.

Major applications of HDPE include plastic bottles, caps and closures, ampoules, and jars and canisters among others. Properties such as excellent resistance to solvents, high tensile strength, relative transparency, flexibility, and toughness are propelling the demand for HDPE in pharmaceutical packaging.

Polyester offers high dimensional stability, excellent chemical resistance, and high environmental stress crack resistance, thus, paving its way for use as a packing solution in pharmaceutical industry. In addition, polyester provides excellent resistance to solvents and UV protection, which is anticipated to fuel its demand over the forecast period. Moreover, rising demand for green packing is expected to create a high growth potential for the product segment during the forecast period.                                         

Application Insights

Plastic bottles was the dominant application segment in the Europe pharmaceutical packaging materials market in 2018. Plastics bottles are majorly manufactured using high-density polyethylene (HDPE) and polyethylene terephthalate (PET) owing to their properties such as high temperature and impact resistance, excellent barrier to gas and moisture, and transparency and opacity required for the bottles.

Blister packs was the second-largest application segment in 2018. The segment is expected to witness the fastest CAGR over the forecast period. Blister packs are used for tablets, ampoules, syringes, and vials and they offer individual packing of medicine doses and keep other doses intact.

Europe pharmaceutical packaging materials market

Labels and accessories are used for displaying information pertaining to medicines. Labels are available in both semi wrap and full wrap and placed on each packaging with the name of medicine and its manufacturer, manufacturing and expiration date, and percentage of ingredients, among other details.

Regional Insights

Research-oriented pharmaceuticals is one of the significant industry in Europe. The market of these materials in Europe has developed significantly due to the growth of medical processes through the introduction of new medicines and R&D aimed at improving the quality of life and health of patients in the region.

Pharmaceutical industry is one of the key-performing high-technology sectors in Europe. Medicines regulatory system of Europe is unique as it is based on the network of 50 regulatory authorities from the European Commission, 31 European Economic Area (EEA) countries (28 EU Member States along with Iceland, Liechtenstein, and Norway), and the European Medicines Agency (EMA).

Primary packaging is anticipated to dominate the Europe market for pharmaceutical packaging materials over the forecast period owing to the consolidation of plastic bottles in the market. The major factor contributing to this consolidation is that plastic bottles are used in large quantities for oral drugs distributed through prescription and bulk dose volumes to mail and retail order pharmacies. Plastic bottles segment is expected to continue to grow owing to its widespread applications as containers for over-the-counter medicines sold in capsule and tablet quantities of 50 and above.

Europe Pharmaceutical Packaging Materials Market Share Insights

Most of the key players operating in the Europe market have integrated their raw material production and distribution operations to maintain product quality and expand regional reach. The global players face intense competition from each other and regional players who have strong distribution networks and good knowledge about suppliers and regulations.

Some of the popular pharmaceutical packaging technologies mainly include anti-counterfeit and track and trace. Anti-counterfeit technology is further categorised into visible features, hidden features, and forensic markers.

Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in the market in the forthcoming years. Some of the prominent companies manufacturing pharmaceutical packaging materials include Sumitomo Chemical Co., Ltd., Arkema, MOL GROUP, Eastman Chemical Company, Dow, Exxon Mobil Corporation, Formosa Plastics Corporation, and Covestro AG.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2014 - 2017

Forecast period

2019 - 2025

Market representation

Volume in Kilotons and Revenue in USD Million & CAGR from 2019 to 2025

Regional scope

Europe

Report coverage

Volume forecast, revenue forecast, competitive landscape, growth factors and trends

Country Scope

Germany, U.K., France, Italy, Russia

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Segments Covered in the Report

This report forecasts revenue and volume growth at regional and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the Europe pharmaceutical packaging materials market report on the basis of product, application and country:

  • Product Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • High-Density Polyethylene (HDPE)

    • Low-Density Polyethylene (LDPE)

    • Polyester (PE)

    • Polypropylene (PP)

    • Polyvinyl Chloride (PVC)

    • Polyethylene Terephthalate (PET)

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Plastic Bottles

    • Blister Packs

    • Label & Accessories

    • Caps & Closures

    • Medical Specialty Bags

    • Pre-Filled Syringes

    • Ampoules

    • Jars & Canisters

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2014 - 2025)

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Russia

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